contractor
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- 107
I've been sent a letter from the revenue looking for corporation tax due for 1st year of trading (2007). The company ceased trading at the end of its first year and I have zero money left in the bank. I'm trying to apply for voluntary strike off, which is probably why this has been flagged as unpaid. I did have an accountant and I would have thought he had taken care of this for me but he obviously didn't.
Considering I have no money, no accountant, have ceased trading, what are my options here? Will I have to pay out of my own pocket? If anyone could also please tell how to calculate the amount due that would also be appreciated. I will need to keep my costs down so an accountant is out of the question.
Also, is there any exemptions to corporation tax? I was not a coompany per se. I was a software contractor and the only reason I was setup as a limited company was because the job agencies will only deal with limited companies. I know Mr. tax man probably won't care about any sob stories but thought I'd ask.
Considering I have no money, no accountant, have ceased trading, what are my options here? Will I have to pay out of my own pocket? If anyone could also please tell how to calculate the amount due that would also be appreciated. I will need to keep my costs down so an accountant is out of the question.
Also, is there any exemptions to corporation tax? I was not a coompany per se. I was a software contractor and the only reason I was setup as a limited company was because the job agencies will only deal with limited companies. I know Mr. tax man probably won't care about any sob stories but thought I'd ask.